Singapore commits $74.3M for quantum and AI in finance

With sanctions coming from the U.S. and allied NATO nations, it is unclear how the local BTC sector and the broader market will be impacted, however, Russian crypto mining appears to be operating smoothly for the time being. 249 Total views 30 Total shares Russian Bitcoin (BTC) miners are reportedly running as usual despite the…

U.S. consumers sending international bank transfers pay more than $12 billion annually in remittance fees alone. 88 Total views 2 Total shares Own this piece of history Collect this article as an NFTA recent blog post from cryptocurrency exchange Coinbase indicates the vast majority of U.S. remittance fees for international transfers wouldn’t apply to similar…

Alongside other actions, the CFTC was pleased with its seven enforcement actions in the crypto market. 304 Total views 1 Total shares The Commodity Futures Trading Commission, or CFTC, is having a banner year in crypto enforcement.Per the commission's annual review released on Tuesday, fiscal year 2020 featured seven monetary relief actions against firms engaged…

Fintech and blockchain developer Ant Financial, an affiliate of e-commerce giant Alibaba, has been ranked the fifth most valuable private firm in China.In an inaugural rankings report by Hurun, which is best known for compiling a rich list for China, Ant Financial is the top firm in its field and fifth largest in a ranking…

Hours after experiencing a major denial of service attacks (DDoS) attack, Bitfinex has announced it repaid another part of the loan facility to Tether.In a Feb. 28 blog post, Bitfinex revealed that the cryptocurrency exchange repaid $100 million of outstanding loan facility to major stablecoin operator Tether (USDT).Similarly to a previous repayment in July 2019,…

Thailand's Bank of Ayudhya, where MUFG holds a 76.9% stake, has participated in a $41 million raise for Asia-Pacific-focused crypto trading platform Zipmex. 188 Total views 2 Total shares Thailand's Bank of Ayudhya (BAY) – in which Mitsubishi UFJ Financial Group (MUFG) holds a 76.9% stake – participated in the latest funding round for the…

On Feb. 20 Bitcoin (BTC) price surprisingly dropped 8.85%, a move which caught many investors off guard as up to that moment the digital asset had recovered well from the President’s Day weekend correction and was trading sideways in the $10,200 range. Citing data from CoinMetrics, ARK Invest crypto analyst Yassine Elmandjra tweeted that the…